RE: latest announcement hrgOne thing is over emphasized here, I think, with respect to stock accumulation, or distribution. That is the ability of anyone with stock market know how to mask trading, and one would expect people involved in the mining industry for years, especially from Canada and Russia, to have this ability. This can be done by nominee holders, loose associations, back room deals, corporate vale or other complicated arrangements. You can let your imagination run wild if you like. Think in terms of deals where parties get taken care of "later" by one means or another, or hold large positions that do not show them as the owners. So do not think that anyone with intention could not escape the Canadian Securities people. After all, just look at their record to date. Whether the most extreme cases, like BreX or so many lessor ones, the record of enforcement is pathetic in my opinion. And it is well known in the industry. The U.S. is different in this respect for sure. Just look at the sentences, and who has been caught over the last years. The point is, in Canada, even if you get caught it probably means a slap on the wrist if anything at all. The odds seem to favour those who would play these games in Canada. In other words the risk reward seems so slanted in favour of the perpetrators as to make it worth taking the risk. Now, of course, I am not saying anyone here is doing anything naughty, as we all know they are nice! But just look at the outcome of the Roscan deal for example. Nothing happened did it, other than the shareholders took it on the chin, when this "deal" was put forward, then pulled, and by whom was it orchestrated???? For the benefit of which people was it going to be??? That was a critical period of time in the history of this company, and it was not only wasted, but expenced to shareholders of record, and at what cost was it?? Did ANYONE pay for this, other than shareholders? How about the financing deal, which got canceled with no consequence it appears. Who paid for that one? Now accumulation seems to be going on, and some say manipulation.
Look at trading patterns that have been going on for some time. Think they deserve an explanation? Do you really think that anything will happen, EVEN if your worst thoughts regarding manipulation are in fact taking place??? I doubt it. First they probably would never prove such, even if it were occuring, and second what would they do about it anyway?
This to me, is why the Canadian small mining sector STILL has a very poor image with many people. When its hot, no complaints, as the greed factor washes it all. But when it is bad, the screams are heard, but unlike the U.S. we do not get any action. Just read the stories that appear from time to time giving the outcomes of hearings etc. The punishments are largely a joke, IMO.
The best shot here, as I see it now, IRONICALLY, is that one hopes the outcome is one where promotion can bring something (if anything left for shareholders in the end) to shareholders after the deals are completed. This implies of course that shareholders still have shares that trade and some story to go along with this. Of course, if this is the case, then that irony is everyone will be hoping that the company is promoted and the share price rises. Most will not care, how or why, they will just want action. And what would make promoters really get it rolling. Why free trading shares of course, along with options and or warrants, so they can cash in on any such promotion. That is the way it is folks, to a very large degree STILL in the Canadian mining sector. So cheer for the good guys, or is it the bad guys? roflmao